For the past four sessions, EURUSD has been confined to the 1.13 handle throughout the trading sessions, another illustration of the falling volatility we’ve seen over the recent times. It would be hard to see this continuing today, with the ECB meeting taking place. The chances of further policy measures look to be slim at this point in time. Their quarterly survey of the credit conditions this week suggested that lending conditions were improving, but there remain concerns regarding the pace of recovery and continued low or negative inflation. The two primary reasons for not expecting any action today are the fact that we’ve not had strong hints from the central bank and also the options need to be explored, because simply buying more bonds on a monthly basis is not an easy option for them to enact. As such, and given the level of the currency (helped by the weakness of the dollar), the market will be listening closely for any comments around the currency, given the proximity of the 1.15 level around which the ECB has tended to look a little more closely. The press conference starts at 12:30 GMT today. Leaving the ECB aside, we have retail sales data in the UK, released at 08:30 GMT, where 0.4% gain on the headline measure is expected. There is also the weekly claims data in the US and Existing Home Sales data at 14:00 GMT. EURJPY still worth watching ahead of the ECB, sitting above trendline support which currently comes in at 135.48. Further reading: Fed, ECB directions in Q4 and EUR/USD end-of-year forecast – interviewed by Chus Garcia Dollar Stronger on ECB Day – Live Europe Market Open from 8:00 GMT FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – October 22 John Benjamin 7 years For the past four sessions, EURUSD has been confined to the 1.13 handle throughout the trading sessions, another illustration of the falling volatility we've seen over the recent times. It would be hard to see this continuing today, with the ECB meeting taking place. The chances of further policy measures look to be slim at this point in time. Their quarterly survey of the credit conditions this week suggested that lending conditions were improving, but there remain concerns regarding the pace of recovery and continued low or negative inflation. The two primary reasons for not expecting any action today are… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
